$1,600 / month
2-Bedroom House for Rent in Albuquerque, NM | 720 Woodland Ave NW
Albuquerque, New Mexico
Soft OfferCommercial Special Purpose Property for Sale in Lovington, NM | 107 E Washington Ave
107 E Washington Ave, Lovington, New Mexico 88260
$460,000
$69 / sq ft Listed 55 days ago
6,702 sqft
Building
0 acres
Lot
1
Stories
5
Parking
2
Units
About this property
Commercial Special Purpose Property for Sale in Lovington, NM | 107 E Washington Ave is a special purpose for sale in Lovington, New Mexico, listed at $460,000. Key details: building size 6,702 sqft, lot size 0 acres, stories 1, parking spaces 5. Listed by Coralee Quintana of Exp Realty on LoopingCloud and last updated September 17, 2026.
Positioned in a prime, high-traffic main street business district location directly across the street from the courthouse, this versatile commercial property at 107 E Washington Ave offers approx. 6,702 square feet of special purpose space. The building accommodates a broad range of potential commercial uses and currently includes a retail dispensary tenant, providing an existing income stream with a short-term lease extending until October 2026.
The layout is flexible, as units 107 and 109 are divisible into two separate spaces to accommodate various business configurations. Clients, customers, and tenants benefit from excellent accessibility supported by ample free parking located directly across the street, supplemented by five non-metered curbside parking spaces. Surrounded by local traffic generators including popular restaurants, breweries, and civic offices, this property represents a solid investment opportunity in a vibrant commercial hub.
Key highlights
- Occupied
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Building Size
- 6,702 sqft
- Lot Size
- 0 acres
- Stories
- 1
- Parking Spaces
- 5
- Total Units
- 2
- Occupied
- Yes
- Occupancy
- 100%
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
$69
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $460,000 | - | - | - | - |
Features and amenities
Property Other Use Types
- Designed to accommodate a broad range of commercial and retail uses
Property Features
- Approx. 6,702 SF of total special purpose commercial space
- Five convenient, non-metered curbside parking spaces directly in front of the building
- Official situs address located at 107 E Washington Ave, Lovington, NM 88260
Highlights
- Prime location situated directly across the street from the local courthouse in the main street business district
- High-traffic commercial setting surrounded by popular area traffic generators including local restaurants and breweries
- Existing income stream supported by a retail dispensary tenant with a short-term lease in place until October 2026
- Highly adaptable layout allowing units 107 and 109 to be easily divided into two separate operational units
- Excellent visitor access bolstered by ample free parking directly across the street
Location
Address as shown by the lister.
Get directionsAbout this area - Lovington
- Population
- 12,288
- Housing units
- 5,004
- Land area
- 1,215.2 sq mi
- County
- Lea
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Special Purpose Property for Sale in Lovington, NM | 107 E Washington Ave?
Commercial Special Purpose Property for Sale in Lovington, NM | 107 E Washington Ave is listed at $460,000. That works out to about $69 per square foot.
Where is Commercial Special Purpose Property for Sale in Lovington, NM | 107 E Washington Ave located?
The property is in 107 E Washington Ave, Lovington, New Mexico 88260, Lea County.
What type of property is this?
This is a special purpose for sale in the commercial category.
How big is the property?
The building is 6,702 sqft. The lot is 0 acres.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Coralee Quintana of Exp Realty listed this property. Use the Request Info button to send a message or call (505) 639-1266.
When was this listing published?
It was published on September 17, 2026 and last updated on September 17, 2026.
Listing information
- Listing ID
- CL-New Mexico-28518
- Published
- Sep 17, 2026
- Last updated
- Sep 17, 2026
Report a problem with this listing
Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
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